Oliver Wyman

www.oliverwyman.com

Oliver Wyman Reviews

Updated January 22, 2015
Updated January 22, 2015
233 Reviews
4.2
233 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Oliver Wyman CEO Scott McDonald
Scott McDonald
20 Ratings

Review Highlights

Pros
  • Teams are really supportive and work/life balance is achievable (in 13 reviews)

  • Great flexible working conditions, great people - my colleagues have turned into friends (in 15 reviews)


Cons
  • The work life balance does not exist (in 36 reviews)

  • Potential long hours, working under tight deadlines (in 19 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    work hard, get lots of opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oliver Wyman

    Pros

    smart, collaborative people making really significant impact at clients. Strong in core sectors of fin services and insurance, industrials like transport/energy/manufacturing, retail/consumer products...building in health/life sciences, infrastructure, etc. Lots of international opportunities and great flex options like 10 and 11 month years and non-profit fellowships, etc.

    Cons

    work-life balance, working to expand diversity but needs more, brand awareness is a challenge compared to some of our competitors

    Advice to ManagementAdvice

    improve diversity up the ranks

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    A place where

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oliver Wyman full-time

    Pros

    very smart people, down to earth attitude, fast growth company, significantly higher bonus than peers, easy to obtain leave of absence allowances and other flexible options

    Cons

    long hours, with uncertain schedules, like in any other management consulting firm, lower brand than the big 3 once you leave the firm

    Advice to ManagementAdvice

    They have to decide if they want to continue the Oliver Wyman path or be a copy-cat of its larger competitors, MCK, BCG, Bain

    Recommends
    Positive Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Typical consulting firm, but very flexible work / life balance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Troy, MI
    Current Employee - Manager in Troy, MI

    I have been working at Oliver Wyman full-time (more than 5 years)

    Pros

    Great benefits. Good discounts being a part of Marsh & McLennan, there are good economies of scale. Good work / life balance.

    Cons

    Once you are pigeonholed, there is no reasonable way to change without stepping back.

    Advice to ManagementAdvice

    Figure out what you want to do with the alternative business units. I, for one, felt betrayed when we were purchased and promised all kinds of opportunity that never came to fruition. It cost me another position that I turned down to stay and I regret it every day.

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great start to a career in business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Boston, MA
    Former Employee - Consultant in Boston, MA

    I worked at Oliver Wyman full-time (more than a year)

    Pros

    If you're interviewing here, you probably know what you're in for. Oliver Wyman is what it seems like - a near-elite management consulting firm; not quite McKinsey, Bain or BCG, mostly due to size, but at least on par with any other. The culture varies somewhat by office, but most of the people are incredibly bright, helpful, and friendly. Managers vary by case, but are generally supportive and caring. Firm is very strong in retail, financial services, and energy. Excellent compensation.

    Cons

    Typical consulting drawbacks - long hours, travel, etc. Weak name brand, likely at least partly due to no MBA recruiting. Little in the way of support for people seeking to transition to other jobs.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company but long stressful hours

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Oliver Wyman

    Pros

    Pays good. Learn a lot and climb quickly.

    Cons

    Poor work life balance. 90+ hr weeks are common.

  7.  

    Excellent culture!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY

    I worked at Oliver Wyman as an intern (less than a year)

    Pros

    - very friendly
    - focus on development
    - great client exposure

    Cons

    - heavy competition from other consulting firms

    Advice to ManagementAdvice

    - continue to build brand value

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Strong consulting foundation in a down to earth environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate in Boston, MA
    Former Employee - Senior Associate in Boston, MA

    I worked at Oliver Wyman full-time (more than 5 years)

    Pros

    Strong analytic and consulting toolkit
    Friendly, down-to-earth atmosphere
    Entrepreneurial culture with few barriers to taking ownership and initiative

    Cons

    Weak consulting relationships and client list
    Specialization drives divisions and silos in the company (e.g. making it harder to share info)
    Salaries and bonuses may be lower than competitors

    Advice to ManagementAdvice

    Invest more in relationship building at all levels with clients and alumni - focusing too much on the analytics can be a danger when competitors control access to the C-suite / Board

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    MMC Takeover Hurt

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Oliver Wyman

    Pros

    It pays well and promotes from within for committed individuals willing to work a rigorous schedule.

    Cons

    This was once a boutique consultancy that truly cared about its employees. Oliver and Wyman's retirement, rapid growth and the MMC acquisition robbed the company of its soul.

    Advice to ManagementAdvice

    Work-life balance, once a high priority, lost some traction.

  10.  

    Overall positive impression of the company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Oliver Wyman as an intern (less than a year)

    Pros

    Definitely a leader in financial services and healthcare consulting. Pay is also markedly higher than peer firms. A very "collegial" social culture overall.

    Cons

    Managers can be hit or miss. Some interns seemed to have managers that really took an interest in giving them real responsibilities that were both challenging and manageable. Some of us, however, seemed to have managers that were not so thoughtful in this arena, sometimes due to inexperience, sometimes to general carelessness.

    Though certainly collegial, the company is not "flat" as advertised. This said, it is true that office politics exist everywhere no matter the company.

    Also seemed like a number of 1st and 2nd year full-timers had a lot of beach time, which was a bit concerning.

    Advice to ManagementAdvice

    Develop better mechanisms for giving (constructively) critical upward feedback to improve your managers.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in New York, NY
    Current Employee - Consultant in New York, NY

    I have been working at Oliver Wyman full-time (more than a year)

    Pros

    Fun environment, really good culture. Strong emphasis on WL balance. The firm really tried to create a cohesive environemnt for everyone to come together

    Cons

    You end up doing a bunch of stress testing work again and again. Might tell you you can explore other interests, but it's not often the case. It's easy to get stuck doing one thing at the company if you're not careful. You can find yourself doing 14 months of insurance work back to back without expressing any interest in it.

    Advice to ManagementAdvice

    More visibility into current project across the firm, better integration of GMC/FS. In my two years at the firm, both compensation and promotion structure changes against consultants. This is not a startup company, and to reflect OW's maturity I'd try to have such frequent upheavals

    Recommends
    Neutral Outlook
    Approves of CEO

Oliver Wyman Photos

Work at Oliver Wyman? Share Your Experiences

Oliver Wyman

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.